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Fairfield, Ohio-based Cincinnati Financial Corporation (CINF) is a leading property and casualty insurance provider in the United States. Valued at a market cap of $22.2 billion, Cincinnati Financial offers comprehensive insurance solutions to businesses, individuals, and families. The company is scheduled to announce its Q4 earnings on Feb. 4.
Ahead of the event, analysts expect CINF to report a profit of $1.87 per share, down 18% from $2.28 per share in the year-ago quarter. The company has surpassed Wall Street’s EPS estimates in three of its last four quarterly reports, while missing on another occasion.
For fiscal 2024, analysts expect CINF to report EPS of $6.30, up 4.5% from $6.03 in fiscal 2023.
CINF stock has climbed 31.8% over the past year, outperforming the broader S&P 500 Index's ($SPX) 24.4% gains and the SPDR S&P Insurance ETF’s (KIE) 21.8% gain over the same time frame.
On Oct. 24, CINF shares fell marginally after reporting its Q3 results. The company reported adjusted EPS of $1.42, falling short of Wall Street's forecast of $1.46. Meanwhile, its revenue surged 83.3% year-over-year to reach $3.3 billion.
The consensus opinion on CINF stock is moderately optimistic, with an overall “Moderate Buy” rating. Of 10 analysts covering the stock, four advise a “Strong Buy” rating, one suggests a “Moderate Buy,” and five recommend a “Hold.”
CINF's average analyst price target is $151.62, indicating a potential upside of 7% from the current market prices.
